United Airlines Holdings, Inc. (NASDAQ:UAL) Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 41.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,376 shares of the transportation company’s stock after acquiring an additional 6,542 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in United Airlines were worth $1,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital International Investors lifted its holdings in shares of United Airlines by 2.4% during the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after buying an additional 429,501 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the last quarter. Point72 Asset Management L.P. grew its position in United Airlines by 489.2% in the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after acquiring an additional 1,905,664 shares in the last quarter. Interval Partners LP acquired a new position in shares of United Airlines during the 1st quarter worth $103,354,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of United Airlines by 177.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock valued at $75,570,000 after purchasing an additional 847,348 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the sale, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by insiders.

United Airlines Stock Down 2.7 %

Shares of UAL stock opened at $78.26 on Friday. The stock has a market cap of $25.74 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a fifty day moving average price of $57.56 and a 200 day moving average price of $51.71. United Airlines Holdings, Inc. has a one year low of $34.24 and a one year high of $81.05.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period in the previous year, the business earned $3.65 EPS. Analysts predict that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current year.

United Airlines announced that its board has authorized a stock buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on UAL shares. Barclays increased their target price on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America raised their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. TD Cowen upped their target price on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Jefferies Financial Group boosted their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Morgan Stanley lifted their target price on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.